Saturday, December 1, 2012

DC MD VA Open Houses: December 1-2



In the hyperlinks below I've attached open houses scheduled this weekend for DC, Arlington, Alexandria, and the close-in Montgomery County suburbs.

  • All results are sorted in order of list price for easy reference.
  • Globe and camera icons next to individual listings show maps and photos.
  • All property types are included: condos/coops, single-family homes, townhouses, semi-detached homes, etc.
 

Washington, DC
Saturday, December 1 - 30 opens
Sunday, December 2 - 246 opens

 
Arlington
Saturday, December 1 - 6 opens
Sunday, December 2 - 63 opens

 
Alexandria
Saturday, December 1 - 5 opens
Sunday, December 2 - 68 opens

 
Montgomery County
Bethesda, Chevy Chase, Potomac, Rockville, Silver Spring, Takoma Park
Saturday, December 1 - 24 opens
Sunday, December 2 - 156 opens


Monthly Housing Market Data

Every month several housing reports are released which include statistics on the Washington Metro Area market. Although each analysis employs differing methodologies with varying results, most show (as usual) the Washington Area to be one of the stronger housing markets nationwide.


November 29: The Pending Home Sales Index of the National Associatiaon of Realtors -- with data through October -- was released November 29. Contracts increased 5.2% in October from Septemer and are 13.2% above October 2011.


November 13: The latest Real Estate Business Intelligence (RBI) analysis of the DC Metro Area housing market -- with data through October 2012 -- was released November 12. Sales are up 16.1% from October 2011, prices increased 13.3%.


November 8: The latest Clear Capital Home Data Index Market Report -- with data through October 2012 -- was released November 8. Clear Capital research methodology shows Washington Metro Area home prices rose 12.9% over October 2011. Nationwide home prices increased 4.3% in the same period.


November 7: The third quarter 2012 report by the National Association of Realtors was released November 7. NAR research methodology shows the national median existing single-family home price was $186,100 in the third quarter, up 7.6% from $173,000 in the third quarter of 2011, which is the strongest year-over-year price increase since the first quarter of 2006. In the condo sector, prices - covering changes in 54 metro areas - rose 7.7% from the third quarter of 2011.


November 6: The CoreLogic Home Price Index (HPI®) -- reporting data through September 2012 -- was released November 6. CoreLogic research methodology shows Washington, DC home prices rose 6.7% over September 2011 while DC Metro Area prices rose 5.3%. Nationwide a gain of 5% was reported.


November 2: Delta Associates Washington Condominium Market Overview -- reporting data for third quarter 2012 -- was released November 2. New condo sales prices up 3.1% in the Washington metro area from September 2011.


October 30 - The Standard & Poor/Case-Shiller Home Price Index -- reporting data through August 2012 -- was released October 30. Washington Metro Area home prices increased 4.3% over August 2011. Nationwide home prices for the composite 20 cities increased 2.0% from August 2011. Washington DC shows the biggest increase in average home prices since January 2000.


October 25: Delta Associates Washington Area Housing Outlook for 3rd quarter 2012 was released October 25. Metro area home prices are up 4%, the average home is selling at 98% of list price. Prices remain highest in DC, Arlington and Alexandria. The average price of a home in third quarter 2012 is $547,277 - 3.2% higher than the third quarter of 2011. Time on market dropped to 54 days, down from 69 days last year.


October 25: The August Pending Home Sales Index of the National Association of Realtors -- with data through September -- was released October 25. Pending U.S. home sales have risen for 17 consecutive months on a year-over-year basis, leading to the solid recovery seen in closed existing-home sales this year. Annually, contracts increased 14.5% over September 2011. Monthly: contracts increased 0.3% from August to September.


October 19: The National Association of Realtors report on U.S. *existing* home sales -- with data through September 2012 -- was released October 19. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, are 11% above September 2011. The national median existing-home price for all housing types is up 11.3% from a September of last year. Listed inventory is 20% below a year ago.


For more information on how to interpret sales statistics check out my recent blog post How to Evaluate Housing Reports which discusses important differences in research methodology and how it impacts numbers for the local Washington area.


* * *

Contact me for more information on our local real estate market, and on buying or selling a home. I'm always available for your questions and happy to consult with you on your real estate needs.






Ben Dursch
202-288-4334 | Ben@EversCo.com



H Street Area Open Houses: December 1-2




In the hyperlinks below I've attached open houses scheduled in and around H Street for the weekend of December 1-2, 2012.

  • All results are sorted in order of list price for easy reference.
  • Globe and camera icons next to individual listings show maps and photos.
  • All property types are included: townhouses, semi-detached homes, condos/coops, single-family homes, etc.


H Street
Sunday, December 2 -  4 opens

Bloomingdale, Truxton Circle, and Eckington
Saturday, December 1 - 5 opens
Sunday, December 2 - 9 opens


Need more? I've also compiled a list of all DC, MD, VA open houses this weekend should your search parameters encompass other areas.

 
Monthly Housing Market Data

Every month several housing reports are released which include statistics on the Washington Metro Area market. Although each analysis employs differing methodologies with varying results, most show (as usual) the Washington Area to be one of the stronger housing markets nationwide.


November 29: The Pending Home Sales Index of the National Association of Realtors -- with data through October -- was released November 29. Contracts increased 5.2% in October from Septemer and are 13.2% above October 2011.


November 12: Real Estate Business Intelligence housing market statistics for zip code 20002 -- with data for October -- was released November 12. The average sold price is up 19.45% over October 2011. There 68 sales in October - an increase of 36% over last year. The average property sold for 98.89% of original list price.


November 12: The latest Real Estate Business Intelligence (RBI) analysis of the DC Metro Area housing market -- with data through October 2012 -- was released November 12. Metro area home sales are up 16.1% from October 2011, prices increased 13.3%.


November 8: The latest Clear Capital Home Data Index Market Report -- with data through October 2012 -- was released November 8. Clear Capital research methodology shows Washington Metro Area home prices rose 12.9% over October 2011. Nationwide home prices increased 4.3% in the same period.


November 7: The third quarter 2012 report by the National Association of Realtors was released November 7. NAR research methodology shows the national median existing single-family home price was $186,100 in the third quarter, up 7.6% from $173,000 in the third quarter of 2011, which is the strongest year-over-year price increase since the first quarter of 2006. In the condo sector, prices - covering changes in 54 metro areas - rose 7.7% from the third quarter of 2011.


November 6: The CoreLogic Home Price Index (HPI®) -- reporting data through September 2012 -- was released November 6. CoreLogic research methodology shows Washington, DC home prices rose 6.7% over September 2011 while DC Metro Area prices rose 5.3%. Nationwide a gain of 5% was reported.


November 2: Delta Associates Washington Condominium Market Overview -- reporting data for third quarter 2012 -- was released November 2. New condo sales prices up 3.1% in the Washington metro area from September 2011.


October 30 - The Standard & Poor/Case-Shiller Home Price Index -- reporting data through August 2012 -- was released October 30. Washington Metro Area home prices increased 4.3% over August 2011. Nationwide home prices for the composite 20 cities increased 2.0% from August 2011. Washington DC shows the biggest increase in average home prices since January 2000.

October 25: Delta Associates Washington Area Housing Outlook for 3rd quarter 2012 was released October 25. Metro area home prices are up 4%, the average home is selling at 98% of list price. Prices remain highest in DC, Arlington and Alexandria. The average price of a home in third quarter 2012 is $547,277 - 3.2% higher than the third quarter of 2011. Time on market dropped to 54 days, down from 69 days last year.


October 19: The National Association of Realtors report on U.S. *existing* home sales -- with data through September 2012 -- was released October 19. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, are 11% above September 2011. The national median existing-home price for all housing types is up 11.3% from a September of last year. Listed inventory is 20% below a year ago.

October 10: The latest Real Estate Business Intelligence (RBI) analysis of the DC Metro Area housing market -- with data through September 2012 -- was released October 10. Sales have increased 4.7% over September of last year. Close prices have risen 6.5%, contracts are up 9.6%, average time on market is down to 26 days.

For more information on how to interpret sales statistics check out my recent blog post How to Evaluate Housing Reports which discusses important differences in research methodology and how it impacts numbers for the local Washington area.


* * *

Contact me for more information on our local real estate market, and on buying or selling a home. I'm always available for your questions and happy to consult with you on your real estate needs.





Ben Dursch

202-288-4334 | Ben@EversCo.com




Sunday, November 25, 2012

H Street Area Open Houses: November 25




In the hyperlinks below I've attached open houses scheduled in and around H Street for the weekend of November 25, 2012.

  • All results are sorted in order of list price for easy reference.
  • Globe and camera icons next to individual listings show maps and photos.
  • All property types are included: townhouses, semi-detached homes, condos/coops, single-family homes, etc.


H Street
Sunday, November 25 -  1 open

Bloomingdale, Truxton Circle and Eckington
Sunday November 25 - 9 opens



Need more? I've also compiled a list of all DC, MD, VA open houses this weekend should your search parameters encompass other areas.



Monthly Housing Market Data

Every month several housing reports are released which include statistics on the Washington Metro Area market. Although each analysis employs differing methodologies with varying results, most show (as usual) the Washington Area to be one of the stronger housing markets nationwide.


November 19: The National Association of Realtors report for U.S. existing home sales -- with data through October 2012 -- was released November 19. The national median existing-home price is 11.1% above a year ago. This marks eight consecutive monthly year-over-year increases, which last occurred from October 2005 to May 2006


November 12: Real Estate Business Intelligence housing market statistics for zip code 20002 -- with data for October -- was released November 12. The average sold price is up 19.45% over October 2011. There 68 sales in October - an increase of 36% over last year. The average property sold for 98.89% of original list price.


November 12: The latest Real Estate Business Intelligence (RBI) analysis of the DC Metro Area housing market -- with data through October 2012 -- was released November 12. Metro area home sales are up 16.1% from October 2011, prices increased 13.3%.


November 8: The latest Clear Capital Home Data Index Market Report -- with data through October 2012 -- was released November 8. Clear Capital research methodology shows Washington Metro Area home prices rose 12.9% over October 2011. Nationwide home prices increased 4.3% in the same period.


November 7: The third quarter 2012 report by the National Association of Realtors was released November 7. NAR research methodology shows the national median existing single-family home price was $186,100 in the third quarter, up 7.6% from $173,000 in the third quarter of 2011, which is the strongest year-over-year price increase since the first quarter of 2006. In the condo sector, prices - covering changes in 54 metro areas - rose 7.7% from the third quarter of 2011.


November 6: The CoreLogic Home Price Index (HPI®) -- reporting data through September 2012 -- was released November 6. CoreLogic research methodology shows Washington, DC home prices rose 6.7% over September 2011 while DC Metro Area prices rose 5.3%. Nationwide a gain of 5% was reported.


November 2: Delta Associates Washington Condominium Market Overview -- reporting data for third quarter 2012 -- was released November 2. New condo sales prices up 3.1% in the Washington metro area from September 2011.


October 30 - The Standard & Poor/Case-Shiller Home Price Index -- reporting data through August 2012 -- was released October 30. Washington Metro Area home prices increased 4.3% over August 2011. Nationwide home prices for the composite 20 cities increased 2.0% from August 2011. Washington DC shows the biggest increase in average home prices since January 2000.


October 25: Delta Associates Washington Area Housing Outlook for 3rd quarter 2012 was released October 25. Metro area home prices are up 4%, the average home is selling at 98% of list price. Prices remain highest in DC, Arlington and Alexandria. The average price of a home in third quarter 2012 is $547,277 - 3.2% higher than the third quarter of 2011. Time on market dropped to 54 days, down from 69 days last year.


October 25: The August Pending Home Sales Index of the National Association of Realtors -- with data through September -- was released October 25. Pending U.S. home sales have risen for 17 consecutive months on a year-over-year basis, leading to the solid recovery seen in closed existing-home sales this year. Annually, contracts increased 14.5% over September 2011. Monthly: contracts increased 0.3% from August to September.


October 19: The National Association of Realtors report on U.S. *existing* home sales -- with data through September 2012 -- was released October 19. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, are 11% above September 2011. The national median existing-home price for all housing types is up 11.3% from a September of last year. Listed inventory is 20% below a year ago.


October 10: The latest Real Estate Business Intelligence (RBI) analysis of the DC Metro Area housing market -- with data through September 2012 -- was released October 10. Sales have increased 4.7% over September of last year. Close prices have risen 6.5%, contracts are up 9.6%, average time on market is down to 26 days.


For more information on how to interpret sales statistics check out my recent blog post How to Evaluate Housing Reports which discusses important differences in research methodology and how it impacts numbers for the local Washington area.


* * *

Contact me for more information on our local real estate market, and on buying or selling a home. I'm always available for your questions and happy to consult with you on your real estate needs.



  Ben Dursch  

202-288-4334 | Ben@EversCo.com





DC, MD, VA Open Houses: November 25



In the hyperlinks below I've attached open houses scheduled this weekend for DC, Arlington, Alexandria, and the close-in Montgomery County suburbs.

  • All results are sorted in order of list price for easy reference.
  • Globe and camera icons next to individual listings show maps and photos.
  • All property types are included: condos/coops, single-family homes, townhouses, semi-detached homes, etc.



Washington, DC
 
Arlington
Sunday, November 25 - 25 opens
 
Alexandria
Sunday, November 25 - 22 opens
 
Montgomery County
Bethesda, Chevy Chase, Potomac, Rockville, Silver Spring, Takoma Park
Sunday, November 25 - 47 opens


Monthly Housing Market Data

Every month several housing reports are released which include statistics on the Washington Metro Area market. Although each analysis employs differing methodologies with varying results, most show (as usual) the Washington Area to be one of the stronger housing markets nationwide.


November 19:  The National Association of Realtors report for U.S. existing home sales -- with data through October 2012 -- was released November 19.  The national median existing-home price is 11.1% above a year ago. This marks eight consecutive monthly year-over-year increases, which last occurred from October 2005 to May 2006.


November 13: The latest Real Estate Business Intelligence (RBI) analysis of the DC Metro Area housing market -- with data through October 2012 -- was released November 12. Sales are up 16.1% from October 2011, prices increased 13.3%.


November 8: The latest Clear Capital Home Data Index Market Report -- with data through October 2012 -- was released November 8. Clear Capital research methodology shows Washington Metro Area home prices rose 12.9% over October 2011. Nationwide home prices increased 4.3% in the same period.


November 7: The third quarter 2012 report by the National Association of Realtors was released November 7. NAR research methodology shows the national median existing single-family home price was $186,100 in the third quarter, up 7.6% from $173,000 in the third quarter of 2011, which is the strongest year-over-year price increase since the first quarter of 2006. In the condo sector, prices - covering changes in 54 metro areas - rose 7.7% from the third quarter of 2011.


November 6: The CoreLogic Home Price Index (HPI®) -- reporting data through September 2012 -- was released November 6. CoreLogic research methodology shows Washington, DC home prices rose 6.7% over September 2011 while DC Metro Area prices rose 5.3%. Nationwide a gain of 5% was reported.


November 2: Delta Associates Washington Condominium Market Overview -- reporting data for third quarter 2012 -- was released November 2. New condo sales prices up 3.1% in the Washington metro area from September 2011.


October 30 - The Standard & Poor/Case-Shiller Home Price Index -- reporting data through August 2012 -- was released October 30. Washington Metro Area home prices increased 4.3% over August 2011. Nationwide home prices for the composite 20 cities increased 2.0% from August 2011. Washington DC shows the biggest increase in average home prices since January 2000.


October 25: Delta Associates Washington Area Housing Outlook for 3rd quarter 2012 was released October 25. Metro area home prices are up 4%, the average home is selling at 98% of list price. Prices remain highest in DC, Arlington and Alexandria. The average price of a home in third quarter 2012 is $547,277 - 3.2% higher than the third quarter of 2011. Time on market dropped to 54 days, down from 69 days last year.


October 25: The August Pending Home Sales Index of the National Association of Realtors -- with data through September -- was released October 25. Pending U.S. home sales have risen for 17 consecutive months on a year-over-year basis, leading to the solid recovery seen in closed existing-home sales this year. Annually, contracts increased 14.5% over September 2011. Monthly: contracts increased 0.3% from August to September.


October 19: The National Association of Realtors report on U.S. *existing* home sales -- with data through September 2012 -- was released October 19. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, are 11% above September 2011. The national median existing-home price for all housing types is up 11.3% from a September of last year. Listed inventory is 20% below a year ago.


For more information on how to interpret sales statistics check out my recent blog post How to Evaluate Housing Reports which discusses important differences in research methodology and how it impacts numbers for the local Washington area.


* * *

Contact me for more information on our local real estate market, and on buying or selling a home. I'm always available for your questions and happy to consult with you on your real estate needs.




  Ben Dursch  
202-288-4334 | Ben@EversCo.com



Thursday, November 22, 2012

Freddie Mac: Mortgage Rates Dip Again to New Record Lows




Freddie Mac's weekly Primary Mortgage Market Survey -- released November 21 -- shows fixed mortgage rates at new all-time record lows amid indicators of higher consumer confidence and lower wholesale prices.

  • 30-Year fixed rate mortgage averaged 3.31%, up from 3.34% last week and 3.98% one year ago

  • 15-Year fixed rate mortgage averaged 2.63%, down from 2.65% last week and 3.30% one year ago

Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Borrowers may still pay closing costs which are not included in the survey.

To compare and track average mortgage rates from previous weeks throughout the year consult Freddie Mac's Compilation of Weekly Survey Data for 2012.

Mortgage calculators to compare payments and equity:


Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders.




Mortgage Bankers Association Weekly Mortgage Application Survey


The Weekly Mortgage Application Survey of the Mortgage Bankers Association -- with data for the week ending November 16 -- was released November 21.  The refinance share of mortgage activity remained unchanged at 81% of total applications from the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 4% of total applications.


Application Volume

  • The Market Composite Index, a measure of mortgage loan application volume, decreased 2.2% on a seasonally adjusted basis from one week earlier.  On an unadjusted basis, the Index decreased 13% compared with the previous week.

  • The Refinance Index decreased 3% from the previous week.

  • The seasonally adjusted Purchase Index increased 3% from one week earlier. The unadjusted Purchase Index decreased 11% compared with the previous week and was 6% lower than the same week one year ago.


Interest Rates

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,500 or less) increased to 3.54% from 3.52%, with points decreasing to 0.40 from  0.41 (including the origination fee) for 80% loan-to-value ratio (LTV) loans.  The effective rate increased from last week.

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $417,500) decreased to 3.76% from 3.83%, with points decreasing to 0.40 from 0.41 (including the origination fee) for 80% LTV loans.  The effective rate decreased from last week.

The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 3.36% from 3.34%, with points decreasing to 0.63 from 0.78 (including the origination fee) for 80% LTV loans.  The effective rate decreased from last week.

The average contract interest rate for 15-year fixed-rate mortgages increased to 2.89% from 2.88%, with points decreasing to 0.25 from 0.37 (including the origination fee) for 80% LTV loans. The effective rate decreased from last week. 

*     *     *


The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry. Its membership of over 2,200 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field.

For additional information, visit MBA's web site: www.mortgagebankers.org.



NAR: Existing U.S. Home Sales Rise 11.1%



The National Association of Realtors report for U.S. existing home sales -- with data through October 2012 -- was released November 19.
 
Existing-home sales are re-sales of extant property, they are completed transactions for the month prior; new construction is excluded from review. Data includes all property types: single-family homes, townhomes, condominiums and co-ops.

U.S. Home Sales

Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 2.1% in October from September, and are 10.9% above October 2011. 

The national median existing-home price for all housing types was $178,600 in October, which is 11.1% above a year ago. This marks eight consecutive monthly year-over-year increases, which last occurred from October 2005 to May 2006.

Single-family homes:
  • Single-family home sales rose 1.9% in October from 4.14 million in September, and are 9.6% above October 2011.
  • The median existing single-family home price was $178,700 in October, which is 10.9% higher than a year ago.

Condominiums and co-ops:
  • Existing condominium and co-op sales rose 3.6% in October, and are 21.3% above a year ago.
  • The median existing condo price was $177,500 in October, up 11.7% from October 2011.

*      *      *
 
Contact me for more information on our local real estate market, and on buying or selling a home. I'm always available for your questions and happy to consult with you on your real estate needs.



  Ben Dursch  

202-288-4334 | Ben@EversCo.com

 




 

Saturday, November 17, 2012

H Street Area Open Houses: November 17-18



In the hyperlinks below I've attached open houses scheduled in and around H Street for the weekend of November 17-18, 2012.



  • All results are sorted in order of list price for easy reference.
  • Globe and camera icons next to individual listings show maps and photos.
  • All property types are included: townhouses, semi-detached homes, condos/coops, single-family homes, etc.


H Street
Sunday, November 18 - 2 opens
Bloomingdale, Truxton Circle, and Eckington
Saturday, November 17 - 6 opens
Sunday, November 18 - 8 opens


 
Need more? I've also compiled a list of all DC, MD, VA open houses this weekend should your search parameters encompass other areas.




Monthly Housing Market Data

Every month several housing reports are released which include statistics on the Washington Metro Area market. Although each analysis employs differing methodologies with varying results, most show (as usual) the Washington Area to be one of the stronger housing markets nationwide.


November 12: Real Estate Business Intelligence housing market statistics for zip code 20002 -- with data for October -- was released November 12.  The average sold price is up 19.45% over October 2011.  There 68 sales in October - an increase of 36% over last year.  The average property sold for 98.89% of original list price.


November 12: The latest Real Estate Business Intelligence (RBI) analysis of the DC Metro Area housing market -- with data through October 2012 -- was released November 12.  Metro area home sales are up 16.1% from October 2011, prices increased 13.3%.


November 8: The latest Clear Capital Home Data Index Market Report -- with data through October 2012 -- was released November 8. Clear Capital research methodology shows Washington Metro Area home prices rose 12.9% over October 2011. Nationwide home prices increased 4.3% in the same period.


November 7: The third quarter 2012 report by the National Association of Realtors was released November 7. NAR research methodology shows the national median existing single-family home price was $186,100 in the third quarter, up 7.6% from $173,000 in the third quarter of 2011, which is the strongest year-over-year price increase since the first quarter of 2006. In the condo sector, prices - covering changes in 54 metro areas - rose 7.7% from the third quarter of 2011.


November 6: The CoreLogic Home Price Index (HPI®) -- reporting data through September 2012 -- was released November 6. CoreLogic research methodology shows Washington, DC home prices rose 6.7% over September 2011 while DC Metro Area prices rose 5.3%. Nationwide a gain of 5% was reported.


November 2: Delta Associates Washington Condominium Market Overview -- reporting data for third quarter 2012 -- was released November 2. New condo sales prices up 3.1% in the Washington metro area from September 2011.

 
October 30 - The Standard & Poor/Case-Shiller Home Price Index -- reporting data through August 2012 -- was released October 30. Washington Metro Area home prices increased 4.3% over August 2011. Nationwide home prices for the composite 20 cities increased 2.0% from August 2011. Washington DC shows the biggest increase in average home prices since January 2000.

 
October 25: Delta Associates Washington Area Housing Outlook for 3rd quarter 2012 was released October 25. Metro area home prices are up 4%, the average home is selling at 98% of list price. Prices remain highest in DC, Arlington and Alexandria. The average price of a home in third quarter 2012 is $547,277 - 3.2% higher than the third quarter of 2011. Time on market dropped to 54 days, down from 69 days last year.

 
October 25: The August Pending Home Sales Index of the National Association of Realtors -- with data through September -- was released October 25. Pending U.S. home sales have risen for 17 consecutive months on a year-over-year basis, leading to the solid recovery seen in closed existing-home sales this year. Annually, contracts increased 14.5% over September 2011. Monthly: contracts increased 0.3% from August to September.

 
October 19: The National Association of Realtors report on U.S. *existing* home sales -- with data through September 2012 -- was released October 19. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, are 11% above September 2011. The national median existing-home price for all housing types is up 11.3% from a September of last year. Listed inventory is 20% below a year ago.

 
October 10: The latest Real Estate Business Intelligence (RBI) analysis of the DC Metro Area housing market -- with data through September 2012 -- was released October 10. Sales have increased 4.7% over September of last year. Close prices have risen 6.5%, contracts are up 9.6%, average time on market is down to 26 days.

 
For more information on how to interpret sales statistics check out my recent blog post How to Evaluate Housing Reports which discusses important differences in research methodology and how it impacts numbers for the local Washington area.


* * *

Contact me for more information on our local real estate market, and on buying or selling a home. I'm always available for your questions and happy to consult with you on your real estate needs.


 


  Ben Dursch  

202-288-4334 | Ben@EversCo.com




DC, MD, VA Open Houses: November 17-18



In the hyperlinks below I've attached open houses scheduled this weekend for DC, Arlington, Alexandria, and the close-in Montgomery County suburbs.

  • All results are sorted in order of list price for easy reference.
  • Globe and camera icons next to individual listings show maps and photos.
  • All property types are included: condos/coops, single-family homes, townhouses, semi-detached homes, etc.
 


Washington, DC
Saturday, November 17 - 32 opens
Sunday, November 18 - 206 opens
 
Arlington
Alexandria
Montgomery County
Bethesda, Chevy Chase, Potomac, Rockville, Silver Spring, Takoma Park
Saturday, November 17 - 32 opens
Sunday, November 18 - 170 opens 


Monthly Housing Market Data

Every month several housing reports are released which include statistics on the Washington Metro Area market. Although each analysis employs differing methodologies with varying results, most show (as usual) the Washington Area to be one of the stronger housing markets nationwide.


November 13: The latest Real Estate Business Intelligence (RBI) analysis of the DC Metro Area housing market -- with data through October 2012 -- was released November 12.  Sales are up 16.1% from October 2011, prices increased 13.3%.


November 8: The latest Clear Capital Home Data Index Market Report -- with data through October 2012 -- was released November 8. Clear Capital research methodology shows Washington Metro Area home prices rose 12.9% over October 2011. Nationwide home prices increased 4.3% in the same period.


November 7: The third quarter 2012 report by the National Association of Realtors was released November 7. NAR research methodology shows the national median existing single-family home price was $186,100 in the third quarter, up 7.6% from $173,000 in the third quarter of 2011, which is the strongest year-over-year price increase since the first quarter of 2006. In the condo sector, prices - covering changes in 54 metro areas - rose 7.7% from the third quarter of 2011.


November 6: The CoreLogic Home Price Index (HPI®) -- reporting data through September 2012 -- was released November 6. CoreLogic research methodology shows Washington, DC home prices rose 6.7% over September 2011 while DC Metro Area prices rose 5.3%. Nationwide a gain of 5% was reported.


November 2: Delta Associates Washington Condominium Market Overview -- reporting data for third quarter 2012 -- was released November 2. New condo sales prices up 3.1% in the Washington metro area from September 2011.


October 30 - The Standard & Poor/Case-Shiller Home Price Index -- reporting data through August 2012 -- was released October 30. Washington Metro Area home prices increased 4.3% over August 2011. Nationwide home prices for the composite 20 cities increased 2.0% from August 2011. Washington DC shows the biggest increase in average home prices since January 2000.


October 25: Delta Associates Washington Area Housing Outlook for 3rd quarter 2012 was released October 25. Metro area home prices are up 4%, the average home is selling at 98% of list price. Prices remain highest in DC, Arlington and Alexandria. The average price of a home in third quarter 2012 is $547,277 - 3.2% higher than the third quarter of 2011. Time on market dropped to 54 days, down from 69 days last year.


October 25: The August Pending Home Sales Index of the National Association of Realtors -- with data through September -- was released October 25. Pending U.S. home sales have risen for 17 consecutive months on a year-over-year basis, leading to the solid recovery seen in closed existing-home sales this year. Annually, contracts increased 14.5% over September 2011. Monthly: contracts increased 0.3% from August to September.


October 19: The National Association of Realtors report on U.S. *existing* home sales -- with data through September 2012 -- was released October 19. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, are 11% above September 2011. The national median existing-home price for all housing types is up 11.3% from a September of last year. Listed inventory is 20% below a year ago.


For more information on how to interpret sales statistics check out my recent blog post How to Evaluate Housing Reports which discusses important differences in research methodology and how it impacts numbers for the local Washington area.


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Contact me for more information on our local real estate market, and on buying or selling a home. I'm always available for your questions and happy to consult with you on your real estate needs.








Ben Dursch
202-288-4334 | Ben@EversCo.com